Description
Investing in enterprise risk management (ERM) processes and insurance helps nonprofits mitigate risk, protects resources, ensures compliance, builds stakeholder confidence, and maintains long-term stability. Embarking on an ERM assessment and procuring coverage for identified risks can be daunting but these investments are essential to maximize organizational impacts and longevity. Involving internal stakeholders, and external consultants, including well-versed brokers complete an effective ERM assessment. Register for this timely webcast to learn how to embark on an ERM process and ways to tap into broker expertise to match insurance portfolios with nonprofit needs and risk profiles!
This program illustrates why ERM is important for nonprofits and how organizations of any size can develop a rewarding ERM program. The presentation - a case study illustrating a nonprofit’s ERM implementation journey - spotlights process challenges and opportunities, including how to leverage insurance broker expertise as a key risk management consultant. Successfully implement ERM with our panel’s tools and tips that will help you:
- Apply the ERM framework and tools to your organization
- Evaluate the potential impact and likelihood of various types of risk, including financial, legal/compliance, reputational, and operational risks.
- Develop and execute a risk management strategy that aligns with your mission and needs (and budget!)
- Monitor and communicate your risk management performance and progress